This is a simple trade strategy using Resistance/ Support and RSI
If price breaks a resistance level, it will often become support. This is a good example here with BTC/EUR
Buy at support with low RSI and sell at target price with high RSi (>80)
If price breaks a resistance level, it will often become support. This is a good example here with BTC/EUR
Buy at support with low RSI and sell at target price with high RSi (>80)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.